# PLEASE DO IN EXCEL AND POST A PICTURE OF THE SHEET Problem 2: You have taken...

###### Question:

PLEASE DO IN EXCEL AND POST A PICTURE OF THE SHEET

Problem 2: You have taken a loan of $281,000. You can afford to pay monthly payments of$1964.37. This loan will be repaid in 23 years. What is the nominal annual rate of interest charged on this loan? Problem #2: Answer as a percentage, correct to 2 decimals

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